A current debate in education is whether teachersshould be paid on a standard pay scale based solelyupon their years of training and teaching experience,or whether part of their salary should be based upontheir performance (called “merit pay”).a. Why might merit pay be desirable?b. Who might be opposed to a system of merit pay?c. What is a potential challenge of merit pay?d. A related issue: Why might a school district decideto pay teachers significantly more than the salariesoffered by surrounding districts?

Q: Assuming working at home gives you a wage of $100, what would your wage be working in the cubicle…

A: Consumers' preferences for bundles of commodities or services are measured by the utility function.…

Q: As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: A worker earns $10 per hour at his job each week. Now suppose this worker is eligible for a 20…

A: a)Post subsidy wage rate=20% of $10 20*10/100=2 Therefore wage rate post subsidy 10+2=$12.

Q: The lines on the graph are budget constraints, showing the tradeoff between labor and leisure.…

A:

Q: 1.1 Explain what is meant in economics by "reservation wage".

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Suppose that Congress passes a law requiringemployers to provide employees some benefit (suchas…

A: a. As the government decided to raise the cost of an employee (in terms of healthcare) $4, the…

Q: Suppose that the president proposes a new lawaimed at reducing healthcare costs: All Americans…

A: This excercise demonstrates the importance of the shortage of demand and supply. The cause and have…

Q: 1. Suppose Maeby Bluth's wage-schooling locus is given by: Years of Schooling Earnings $18,500…

A: A rate of return is the net gain or loss on an investment over a specified time period expressed as…

Q: Firms compensate workers with "benefits" in addition to wages and salaries health insurance. Suppose…

A: Note - As per guidelines we answer three parts at one time. Kindy reposts the other parts.   a.…

Q: (a) Are piece-rate employees paid based on the length of time that they work or the amount of output…

A: The piece-rate system is a payment mechanism based on the number of units of a good produced by a…

Q: Number of Workers Daiy Wage $5 $6 10 $7 11 S8 The table above shows the supply schedule for workers…

A: The marginal cost of workers from 10 to 11 is = $8-$711-10=$1

Q: 5. Michael, Inc., a manufacturer of electric guitars, is a small firm with 50 employees. The table…

A: Wage is the compensation paid to an employee by the employer in exchange for his/her/their labor…

Q: a) Draw original budget constraint (with a $500 DI benefit) and the budget constraint under…

A: the social security disability insurance(DI) program was restructured so that the disabled could get…

Q: 8. Economists have argued that an Earned Income Tax Crodit is preferable to an increase in the…

A: Income tax credits refer to the tax refunds made to the workers over the income tax deducted on the…

Q: Children in poor neighborhoods have bleakoutlooks on life and do not see much gain to studying. A…

A: Poor people do not have much money due to which they are not able to fulfill the daily needs in…

Q: The earnings of workers O a. depend on the highest degree earned O b. do not depend on the college…

A: Marginal benefit(MB) is the extra benefit received from consuming 1 more unit of a good. It shows…

Q: Explaining the college premium in the 1970s: As shown in Figure 7.8, the col-lege wage premium…

A: The more educated workers earn higher salaries or wages. A college premium or education premium…

Q: Suppose that there is an excess supply of economics professors. Should universities necessarily…

A: Answer a) The surplus market supply of professors indicated by E'P wages brings excess labor in the…

Q: 4) Consider the following scenario: Juliet faces 200 Total Hours to devote to Labor or Leisure. She…

A: Note: Since this question has more than three sub-parts, due to restrictive Bartleby policy , we are…

Q: o engage in a behavior that makes you as the employee look better but not increase fir O distortion.

A: Answer is scope. The creation of one good reduces the cost of producing another related good, which…

Q: A professional basketball players' union negotiates a contract that dramatically increases all…

A: The opportunity cost is the benefit of the next best alternative that is given up.

Q: changes the reservation wage graphically: 1) An increase in the wage 2) A decrease in the…

A: Reservation wage: A laborer’s booking wage is the lowest pay permitted by law that the specialist…

Q: Describe how the firm sets an efficiency wage above the competitive level. Why are there no market…

A: The efficiency wage theory states that higher wage rates given to the workers would tend to increase…

Q: Even in the absence of collective bargaining, workers do have some bargaining power that allows them…

A: Bargaining with an enterprise has evolved over a period of time and has developed into a full-blown…

Q: What is the idea behind the market mechanism of pay?

A: . A market is working on the basis of a specific mechanism that is recognized by the economist using…

Q: Jill is planning the timing of her on-the-job training investments over the life cycle. What happens…

A: Human capital is the stock of habits,social, knowledge and attributes of personality so as to…

Q: The Decision Dilemma presented data on the prices of a Big Mac and the net hourly wage figures by…

A: In a market, policymakers and researchers collects data about various information about the market…

Q: Consider the following labor-leisure choice model. U(C,L) = C^2/3L^1/3 C = wN + π – T H= N+ L…

A: In the consumption -leisure model, leisure (x-axis) and consumption (y-axis) and leisure, denoted by…

Q: electricians. At the initial wage of 60K/year (including benefits) 480 are currently employed in the…

A: Initial wage = 60,000 per year Number of workers = 480 After Hiring Wage = 65,000 Number of…

Q: Yvette currently earns a    wage of $12.00 per hour; in other words, the amount of her paycheck each…

A: Earning in terms of money would be nominal wage and hence Yvette is earning nominal wage of $12 per…

Q: Anya is awake for 100 hours per week. Using onediagram, show Anya's budget constraints ii sheearns…

A: The indifference Curve depicts the many options available to a customer based on his or her income…

Q: Imagine that the wage-schooling locus is given by w(s)=s^(1/3). What will be the optimal level of…

A: Wage Schooling Locus refers to the various combinations of salary earned by an employee at varied…

Q: Policymakers sometimes propose laws requiringfirms to give workers certain fringe benefits, such…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: a. Why would a firm ever choose to offer profit-sharing to its employees in place of paying piece…

A: A piece-rate plan refers to a system of compensation in which workers are paid according to the…

Q: In the circular flow diagram, Government demand ........ and firm supply ........ Select one: O…

A: Circular flow model shows how money flow through the economy.  From of money through one sector to…

Q: 1). Do We Need Another Movie Like "Top Gun?" The US military has claimed that there may soon be a…

A: Given information Two types of pilots Fighter pilots and commercial pilots Pentagon predicts that…

Q: Suppose Aldo makes €8 an hour for the first 40 hours a week, and €12 an hour for any hours above 40…

A: Indifference curve analysis can be used to explain why people prefer income over leisure, and why a…

Q: (Table) Based on the table, the value for C is Competitive Labor Market e MPP P VMP W 0 0 8 0 80 5 5…

A: MPP stands for marginal product of labor. It refers to change in total product from hiring one more…

Q: Ross Eisenbrey and Lawrence Mishel in " Uber business model does not justify a new "independent…

A: Find below explained answer.

Q: Walmart, the country's largest retailer by revenue, has long been known for paying its truck drivers…

A: A wage is a sum of money paid by an employer to an employee for work completed over a certain period…

Q: Ross Eisenbrey and Lawrence Mishel in " Uber business model does not justify a new 'independent…

A: a) It is clearly possible for the Uber work hours to be measurable for the establishment of the…

Q: The figure compares the compensation that a shoe salesperson receives if she is on a straight salary…

A: Given there are two compensation structures Salary is fixed at $40 , no matter what number of units…

Q: 2. The following model allows the return to education to depend upon the total amount of both…

A: The given model is written below:   (i) Consider the model when, the model…

Q: 1. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by…

A: Given information Survival daily consumption worth for labor=$40 Value of 4 hours of work for labor=…